Are you studying IAS 11 Construction Contracts? Sometimes it can be easier to revise if you ‘do’ rather than just read. Why not try out our multiple choice IAS 11 questions? Click here to access the quiz.
IFRS
Update: IAS 1 Presentation of Financial Statements quiz
If you’re studying IAS 1 Presentation of Financial Statements, why not try out our quiz? Click below to give it a go.
Revised IAS 16 Property, Plant and Equipment and IAS 41 Agriculture for ‘Bearer plants’
What are the revised IAS 16/IAS 41 standards?
Currently biological assets (plants) are measured at fair value less costs to sell. The reason for this is that biological assets undergo changes during their lives that are best represented by fair value, (i.e. the market value of the plants and produce).
Update: IAS 7 Statement of Cash Flows multiple choice quiz
If you’re studying IAS 7 Statements of Cash Flows, why not test your knowledge with our multiple choice quiz? By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading. Click below to try the quiz. IAS 7 Statement of Cash Flows Quiz
Update: IAS 2 Inventories multiple choice quiz
If you’re studying IAS 2 Inventories, why not test your knowledge with our multiple choice quiz? By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.
Segment Reporting: Entity Wide Disclosures for IFRS 8
Entity-wide disclosures
As well as financial disclosures, IFRS 8 requires other entity-wide, non-financial information disclosures, such as information about:
Update: IAS 20 Government Grants quiz
If you’re studying IAS 20 Government Grants, why not test your knowledge with our multiple choice quiz? Click here to try the quiz. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.
Understanding Post Employment Benefits (Pensions) for IAS 19
Post-employment benefits
Post-employment benefits, by their name, are benefits that are given, or will be given, to employees after they have left the company.
Elements of Financial Statements Part 1: Assets, Liabilities and Equity
In this article, we take a look at the elements of financial statements, in particular, the assets, liabilities and equity which are used to report the financial position of an entity.
An Introduction to Segment Reporting for IFRS 8
Introduction to Segment Reporting
Companies are often involved in a number of different industries or business activities. They often expand and diversify their operations across geographical areas.
As a result of this, their group is exposed to different rates of return, growth opportunities and risk for each ‘segment’ of their business.
Investors want information that highlights the performance of the various components of the organization.
This is where IFRS 8 Operating Segments steps in.